The brokerage issued a neutral rating and a $55.00 target price on the stock.
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On a consensus basis, Street analysts are expecting Monster Beverage Corporation (NASDAQ:MNST) to report earnings per share of $1.37 for the quarter ending 2016-09-30. The company provides carbonated energy, and non-carbonated dairy based coffee and energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $190.00 target price (up previously from $166.00) on shares of Monster Beverage Corp.in a research report on Wednesday, August 10th. Approximately 16.9% of the company’s stock are short sold. “The stock has been suggested as “Buy” from “11” Analysts”.
Shares of Monster Beverage Corp.
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Zacks’s expectant of Monster Beverage Corporation (NASDAQ:MNST)’s mean EPS for the year 2017 is $1.37 but with a high anticipation of $1.365 being the median EPS. 1,883,049 shares of the company were exchanged. National Beverage has recorded a 50-day average of $52.11 and 200-day moving average of $50.81. National Beverage Corp. has a 12-month low of $27.47 and a 12-month high of $64.73. The stock has a market capitalization of $2.43 billion, a P/E ratio of 33.4872 and a beta of 0.69. In terms of margins, Monster Beverage Corporation has a gross margin of 62.20%, with its operating margin at 36.50%, and Monster Beverage Corporation has a profit margin of 22.70%. A low P/E can direct either that a firm may now be underrated or that the firm is doing extremely well comparative to its past trends. 11 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 1. Relative volume is ratio between current volume and 3-month average value, intraday adjusted. During the same quarter in the previous year, the business posted $0.79 EPS. Nonetheless, for the next 3 to 5 years, the mean estimate for long-term growth for both earnings and sales is $20.47. The stock traded total quantity of 949.45 thousand shares. The average price target for shares are $178.88 with an expected fluctuation of $10.41 from the mean. Commonwealth Bank of Australia now owns 627 shares of the company’s stock valued at $101,000 after buying an additional 93 shares during the period. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
